"Tolga Kumova has become a substantial shareholder in another one of the companies he heads.
Mr Kumova — a resources entrepreneur who has raised more than $500 million for his ASX-listed mining ventures — has taken a 9.93 per cent stake in ASX-listed junior European Cobalt (ASX:EUC), a company he chairs."
With our supplies of non-renewable resources to be depleted in the next few decades Dr. Shailesh Upreti is getting ready for that day.
Dr. Upreti is the co-founder of Charge CCCV (CCCCV), a company which has made incremental improvements to the life-span of the battery. With the loss of our major sources of energy in the coming years we will have to switch to renewable energy resources he said.
"In our daily life each of us needs energy, in our pockets, in our laptops," Dr. Upreti said. "All the renewable energy generation, solar and wind, they are intermittent."
The technology came about from experimentation in Dr. Upreti's lab. The idea for the upgrade came from a source in nature, the human body. Using synthesized natural minerals added to the lithium-ion battery is what gives CCCCV's batteries their increased lifespan of up to 25 years he said.
Mark Mecenas, a director and co-founder of CCCCV, said the technology enhances lithium-ion batteries in six distinct areas: Increased lifetime, energy storage capacity, rapid energy absorption, higher performance required for grip back-up systems, less heat from batteries and the ability to be dropped into existing systems. That last point means the cost to produce the battery does not increase he said in an email.
"Manufacturing of this battery does not have to change existing fabrication processes," Mecenas said. "This technology is employed at a fundamental material level. The cost of incorporating this technology is minimal."
One of the reasons that many start-ups fail Dr. Upreti said, is because manufacturing is capitol intense. CCCCV gets around this he said by constructing the supply chain, not by actually creating the manufacturing capabilities, but instead by using existing companies in New York State.
Mecenas said CCCCV will help business in New York.
"We hope to engage local and regional work forces cooperatively, and bring manufacturing jobs in New York State," Mecenas said. "As with many things the majority of batteries are produced in Asia. We want to change this in the battery space."
Dr. Upreti said the total time from concept to this point in CCCCV's life took about 18 to 24 months. He points to the help they have received from the Office of Entrepreneurship and Innovation Partnerships, as well as from faculty at Binghamton University to get them to this point. He said it is necessary to move your company in an area that has already had success.
"When you are building a company you need to have the right environment, you can't build it somewhere where there is no support available," Dr. Upreti said. "You need to share things with people who come from an industry background. It is about matching new technology with something that has been well studied in the market."
Dr. Upreti, said Dr. Stan Whittingham, a professor at Binghamton University, had also helped advise the company. Dr. Whittingham said in an email he has helped CCCCV with involvement in NY-BEST, which means to advance New York State as a global leader in battery technology. Dr. Whittingham also allows CCCCV to use his labs until he gains space in the Center of Excellence.
The target market for CCCCV is grid storage, followed by use in the automotive market. Beyond those applications, Dr. Upreti said there is the possibility for use with power tools as well as portable electronics.
Imperium3
Imperium3 has exclusive rights to patented composition of matter technologies capable of delivering the lightest, most efficient and longest life cycle lithium ion battery to the industry.
Imperium3 Chairman, energy storage technology expert and former member of the US Department of Energy’s Frontier Research Centre at Binghamton University, New York, Dr Shailesh Upreti, has developed and patented the highest performance and commercially competitive Lithium ion batteries for use in an extensive variety of applications that, relative to existing LIBs, offer:
Larger energy storage capacity;
Higher voltage;
Longer life cycle;
Fully customizable and secure structure;
Safer performance against fire and emissions risks; and
Lower cost of production
Imperium3 batteries are fully customizable at the cellular level for end users in a variety of established and emerging industries including;
Energy Storage Replacement;
Renewable Energy Storage solutions; and
Electric-Vehicle & Other electromobility products
Three 15 GWh Lithium ion battery manufacturing plants will be delivered by Imperium3 servicing key global markets such as Australasia, North America and the Middle East by 2020.
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